Clark Hunt: The Chiefs Will Begin Contract Negotiations W/Mahomes This Summer

[DRM08]

Originally Posted by RunKC

20% of the cap is completely fair for Pat. That would put him at $37.6 million this year which sounds about right

Isn't 20% closer to $40 million? All the websites I can find seem to say the 2020 cap is $198.2 million. 20% of that is $39.64 million. But I agree with you that this number is completely fair.

[Coogs]

So how will the signing bonus portion of the new contract work with respect to the salary cap?

For starters, I am assuming that this is an extension, which means if it is a 5 year extension, Mahomes is under contract for the next 7 years. Correct?

Since $65 million is the current largest signing bonus, I will use $70 million for this example, as it makes the math work easier.

Is the $70 million spread out over 7 years, as I am assuming he gets the $70 million this summer and not in 2 years, for a hit of $10 million per year?

Or is the $70 million only spread out over the 5 years of the extension, at $14 million per year, starting 2 years from now?

Hope this all makes sense.

[tyecopeland]

Originally Posted by Coogs

So how will the signing bonus portion of the new contract work with respect to the salary cap?

For starters, I am assuming that this is an extension, which means if it is a 5 year extension, Mahomes is under contract for the next 7 years. Correct?

Since $65 million is the current largest signing bonus, I will use $70 million for this example, as it makes the math work easier.

Is the $70 million spread out over 7 years, as I am assuming he gets the $70 million this summer and not in 2 years, for a hit of $10 million per year?

Or is the $70 million only spread out over the 5 years of the extension, at $14 million per year, starting 2 years from now?

Hope this all makes sense.

Using jared Goff as an example since he signed an extension before his 4th year and after his 5th year option had been picked up.

He had his signing bonus spread out over 5 years even though his extension took him out to a total of 6 years. And he had extra signing bonus money on the first year I'm assuming it was the remainder of his guaranteed salary from his rookie deal.

So I think the signing bonus money can be spread out over the full length starting from the year he signs.

[Coogs]

Originally Posted by tyecopeland

Using jared Goff as an example since he signed an extension before his 4th year and after his 5th year option had been picked up.

He had his signing bonus spread out over 5 years even though his extension took him out to a total of 6 years. And he had extra signing bonus money on the first year I'm assuming it was the remainder of his guaranteed salary from his rookie deal.

So I think the signing bonus money can be spread out over the full length starting from the year he signs.

Wouldn't that mean Mahomes's cap number will most likely go up significantly this season if they agree to a deal this summer? He is sitting at 5.3 million right now.

[tyecopeland]

Originally Posted by Coogs

Wouldn't that mean Mahomes's cap number will most likely go up significantly this season if they agree to a deal this summer? He is sitting at 5.3 million right now.

I would expect it would be higher but probably not outrageously so. But it is the reason I'm kinda surprised that they haven't been working on a Chris Jones deal to clear some space for the extra money mahomes would be getting.

[Coogs]

Originally Posted by tyecopeland

I would expect it would be higher but probably not outrageously so. But it is the reason I'm kinda surprised that they haven't been working on a Chris Jones deal to clear some space for the extra money mahomes would be getting.

I was just using the 70 million signing bonus which seems reasonable here. On a 5 year extension as an example, that would be spread out over 7 years. That a 10 million dollar hit this season, plus what is probably a minimum salary.